EGX launches new financial instruments to boost liquidity

The Egyptian Exchange (EGX) announced a package of financial instruments and market enhancements aimed at boosting liquidity and attracting a wider investor base. Daily average trading currently stands at 6.9 billion Egyptian pounds, supporting the introduction of new instruments.

According to the EGX statement, key measures include the launch of a continuous trading system for Government Fixed Income starting next week, derivatives trading on the EGX30 Index from 1 March, and later expansion to the EGX70 Index. Settlements will be handled through the CCP system and Tasweyaat Clearing Services to ensure efficiency and risk reduction.

EGX is also collaborating with NASDAQ on a new trading system set to operate in July, enabling trading of financial derivatives, carbon reduction credits, and bonds. In parallel, Misr for Central Clearing Depository and Registry has developed a short-selling mechanism, while AI tools, XBRL standards, and upgraded website and mobile platforms are being implemented to improve market efficiency.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser